The International Finance Corporation (IFC) will support the Dakahlia Businessmen Association for Community Development (DBACD) as it scales up its lending operations and caters to borrowers who seek larger loans. IFC will also help DBACD improve in key areas, including risk management and strategic business planning, IFC said in a statement yesterday. The latest partnership with DBACD is supported by the Japanese Ministry of Finance.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…